• Source:JND
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Following a huge block deal involving equity worth Rs 10,488 crore, shares of the diversified retail chain Vishal Mega Mart plummeted by almost 8% in early trading on Tuesday. The stock fell from its previous close of Rs 124.90 on the NSE to an intraday low of Rs 115.10.

CNBC-TV18 reported that approximately 91 crore shares, or 19.82% of the company's total shares, were sold for Rs 115 each, which was 7.9% less than the closing price on Monday.

The promoters decided to sell nearly 20% of the company, increasing the block deal's initial estimated 10% stake sale price of Rs 5,057 crore to Rs 9,896 crore. One of the biggest block trades in the Indian market in recent months, the block trade's final value settled higher at Rs 10,488 crore.

The deal is part of a larger pattern of secondary share sales and block deals that have accelerated since Indian stocks started to rise again. Revenue from these transactions topped $5 billion in May, the most since March 2024, according to Bloomberg.

Current Financial Performance & Market Activity

This is Vishal Mega Mart's second significant promoter-led share sale in as many months. In December 2024, the company conducted an initial public offering (IPO) of ₹8,000 crore, which was solely an offer for sale (OFS) by current shareholders.

Promoters owned 74.55% of the business, according to the March 2025 shareholding pattern. It is anticipated that promoter holdings will drop below 55% following the most recent block deal.

Even with Tuesday's drop, Vishal Mega Mart's stock is still up 12% so far this year. The business has recently made good profits as well. It reported a profit of Rs 115.1 crore for the quarter that ended in March 2025, up 88% year over year, and revenue of Rs 2,548 crore, up 23% year over year. In comparison to the same quarter last year, when the EBITDA margin was 12.1%, it improved to 14%.

Disclaimer:  This is just a piece of news about recent developments in the stock. Jagran does not advise investing. Please take an expert opinion before investing.